Bitshares - State of the Network - 22nd May 2018

Welcome to the 84th Bitshares State of the Network (BSotN) report. A weekly report focusing on the changes in the ecosystem and track longer term changes in a effort to identify emerging trends and changes in the Bitshares platform.

Bitshares - State of the Network - 22nd May 2018

The Bitshares State of the Network Reports seeks to combine raw data from a wide range of metrics and combine them into meaningful information to identify emerging trends and changes in the Bitshares network.

Observation from this week

This section will highlight any observations made while analysing the data.

This week has seen a 5% increase in BTS being used as collateral for the Smartcoin ecosystem. That's an extra 20 Million BTS that have been locked to the Bitshares network this week to ensure the value of the Smartcoin economy. With all the talk of smartcoins recently it's great to see the longest running alternative to a centralized system still going strong; redeemable 1:1 at any time via settlement and 190% backed with BTS collateral! - That is to say for every $1 of face value in smartcoins there are $1.90 worth of collateral

The week $500,000 USD worth of BitUSD has been issued increasing the supply of BitUSD by 5.5% week on week, BitCNY still holds the number 1 spot with over 36 Million USD worth of the smartcoin issued on the network and being used by traders to hedge against volatility.

GDEX has announced they will be hosting the ICO of IDHUB (GDEX.IDHUB). The ICO has a total of 6,852,000 initial tokens and bitCNY is the payment currency accepted by GDEX for the ICO. The sale started on the 18th of May and you can find more information about it HERE or visit the projects website HERE

@kimchi-king has been the very first user to use the EasyDex fiat On-ramp (more info) to deposit fiat currency to the exchange and have the value reflected in the Bitshares eco-system. EasyDex are currently up and running with fiat on ramps and working with regulators to get their Off-ramp/withdrawals online. Find more info HERE

Easydex announced this week that the first week of their portfolio builder campaign (more info HERE) has had a great start. They have also announced a weekly report as well as community hangout every week on Fridays at 20:00 UTC (4:00 pm EST). You can find more information HERE

The Twentix cryptocurrency index fund has ran its monthly algorithm that creates its new composition. By this process, it always includes the most promising coins. You can find the latest composition HERE

The Bit20 cryptocurrency index fund has ran its monthly algorithm that creates its new composition. By this process, it always includes the most promising coins. You can find the latest composition HERE

The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on YouTube HERE

This week’s Bitshares hangout recording has been published and is available HERE

Current registered wallets/accounts within the Bitshares network is 958534; an increase of 31332 wallets/accounts since last week

Number of accounts holding BTS (off exchanges)

@Patrickjh has create the first Bitshares News ticker and made a great looking video with the highlight! - source

Bitshares Distribution

This sections seeks to analyse the current distribution of the network. We look at the current supply, top 100 hodlers, Orders on the Bitshares Decentralized Exchange (DEX), Reserve pool balance and Income growth.

Distribution

Balance

Change W/W

Change W/W %

BTS Supply

2,626,632,157

2,014,148.00

0.08%

BTS Stealth

285,074

4.00

0.00%

BTS in Open Orders (DEX - T250)

10737818

-383,981.00

-3.45%

Reserve Pool

973940997

-2,014,148.00

-0.21%

RP Accumulated fees

37401

-

0.00%

Collateral (top 250) backing Smartcoins

403723322

19,133,721.00

4.98%

Top 100 Total

1,470,673,150

-11,085,959.77

-0.75%

Top 100 - minus Exchanges

663,285,698

-3,294,250.77

-0.49%

Exchanges

807,387,452

-7,791,709.00

-0.96%

Non Exchanges

1,819,244,705

9,805,857.00

0.54%

Profit/Expenses from the Bitshares Reserve Pool

The chart below show historic profit/expense from the Bitshares Reserve Pool where a positive number represents a W/W profit and a negative number means a W/W expense; Bitshares expenses include witness and worker pay and income includes network fees.

BTS Trading

Looking at the most active trading pairs for Bitshares (BTS). Data displayed is a 24 hour snapshot as taken on the date of this report and not a reflection on the week as a whole.

Market

Last Price

Price USD

24hr Vol BTS

24hr Vol USD

Vol %

Vol % Change W/W

BTC

0.00002869

0.23373087

19,043,108.97

4,450,962.52

54.9%

-36.2%

USDT

0.23421943

0.23

11,767,632.13

2,756,150.25

33.9%

-56.7%

ETH

0.00031601

0.21413706

3,261,695.52

698,449.88

9.4%

-30.8%

BNB

0.01646

0.23578951

348,650

82,207.91

1.0%

3.5%

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

Proposed Worker

DEX: Most Active Markets

This section will show the BTS markets within the DEX and seek to highlight the most active markets.
The most active base pair is BTS and the top 3 pairs are CNY, Bridge.BTC and USD

Smartcoins

This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.

Asset

Supply

Price

Market Cap BTS

Market Cap USD

Supply Change W/W

BTS

2,626,632,157

0.232

609,665,567

$609,665,567.45

0.077%

BTS Stealth

285,074

0.232

66,168

$66,168.31

0.001%

Reserve Pool

973,940,997

0.232

226,060,695

$226,060,694.88

-0.206%

Accumulated fees

37,401

0.232

8,681

$8,681.12

0.000%

BitUSD

14,661,164

4.23

62,016,724

$14,394,653.99

5.574%

BitCNY

236,040,783

0.663

156,495,039

$36,323,943.03

0.518%

BitEUR

112,862

4.99

563,181

$130,719.60

2.031%

BitBTC

51.9

34,742

1,803,110

$418,518.43

0.193%

BitGold

189.5

5,471

1,036,755

$240,640.29

0.000%

BitSilver

21,767

70

1,523,690

$353,662.51

0.000%

Ruble

8,072,767

0.0687

554,599

$128,727.57

3.251%

HERO

998

688

686,624

$159,371.77

0.302%

Referral Stats

This section will track user referrals, to gauge active refers overtime. The chart below shows in blue the total number of referred users and in orange the new referrals for this week.

Account

Referrals

Change W/W

btsabc

5940

0

bitshares-munich

5530

0

bituniverse

4951

20

compumatrix1

2569

0

digital-nomad

2498

0

sdr

2357

0

cryptofresh

2157

23

jianjolly-0

1741

-2

magicw

1669

0

by24seven

1268

3

superone

1219

8

bcp2017

1199

0

estefantt

1174

0

Vote Proxies

This section will track the change in proxy voting

Account

Opinions

Followers

Weight (M)

Weight Change (M)

bitcrab

90

115

158.9

0.2

xeroc

61

209

137.1

0.3

openledger

56

10925

107.2

-15.1

michaelx

58

117

76.4

-0.9

bitshareseurope

0

455

46.4

11.3

still

130

331

41.1

1.2

blckchnd

59

1584

34.3

0.1

abit

71

735

26.5

0

fav

40

168

23.7

0

blockchain-bv

0

3

11.5

0

Active Witnesses

This section will track top 30 active witnesses and the changes in support

Rank

Witness

Votes

Missed

Missed W/W

1

in.abit 1.6.35

745.8

756

4

2

bhuz 1.6.17

714.3

1728

3

3

roelandp 1.6.74

711.8

94

6

4

abc123 1.6.65

698.8

1375

5

5

fox 1.6.16

696.5

4549

6

witness.yao 1.6.71

691.6

3619

7

7

witness.still 1.6.69

688.6

9333

6

8

verbaltech2 1.6.34

684.6

4047

16

9

sahkan-bitshares 1.6.73

682.1

1376

16

10

delegate-1.lafona 1.6.28

677.3

4472

3

11

xn-delegate 1.6.59

675.6

2911

2

12

xman 1.6.64

673.6

1782

13

13

xeldal 1.6.22

672.9

2496

3

14

crazybit 1.6.84

630.9

661

7

15

delegate.freedom 1.6.63

610.1

4942

5

16

openledger-dc 1.6.76

607

757

10

17

delegate-zhaomu 1.6.98

605.5

667

2

18

rnglab 1.6.45

574.7

2222

1

19

elmato 1.6.20

574.2

4419

15

20

magicwallet.witness 1.6.110

572.3

56

5

21

blckchnd 1.6.75

555.2

984

3

22

witness.hiblockchain 1.6.105

548.7

611

9

23

gdex-witness 1.6.120

500.7

30

5

24

winex.witness 1.6.101

483.4

727

3

25

clockwork 1.6.117

452.6

25

2

26

delegate.ihashfury 1.6.26

425.5

871

1

27

mr.agsexplorer 1.6.24

357.6

8196

478

28

bangzi 1.6.116

350.9

0

29

delegate.taolje 1.6.38

346.8

4771

30

delegate-clayop 1.6.27

333.7

5200

Top 100 Distribution including Exchanges

This section looks at the top 100 rich list and compares account balances, this section will seek to identify changes in ownership which may lead to interesting investigations and early warning signs of upcoming projects

Rank

Account

Total BTS

Change W/W

Change W/W %

1

poloniexwallet

229,867,368

-2,453,131.00

-1.06%

2

bitkkchubei002

161,192,406

-

0.00%

3

bitcc-bts-cold

117,045,504

-1,980,600.00

-1.66%

4

binance-cold-1

114,787,664

-

0.00%

5

gamma-rabbit

61,197,392

-

0.00%

6

alpha-dog

50,454,638

199,999.82

0.40%

7

huobi-withdrawal

40,811,874

-3,094,273.00

-7.05%

8

binance-bts-1

38,459,621

11,116,056.00

40.65%

9

binance-bitshares-gvbdb84k6h

37,770,677

-15,217,861.00

-28.72%

10

delta-lion

22,651,470

-

0.00%

11

ranchorelaxo2017

21,769,775

-

0.00%

12

gate-bts-off001

21,324,213

-

0.00%

13

test-changekey

20,163,274

-

0.00%

14

abit

20,110,507

-

0.00%

15

bittrex-deposit

17,828,256

-68,048.00

-0.38%

16

zbbts001

15,403,290

1,086,516.00

7.59%

17

stan

14,791,942

-1.00

0.00%

18

jubi-bts

14,591,906

-

0.00%

19

a2dcdf323a8a576408f62604b17a8a52

12,742,029

-160,428.00

-1.24%

20

alexna64

12,143,695

-

0.00%

21

anonymous

11,212,516

-

0.00%

22

yun-bts

10,962,754

-

0.00%

23

evan

10,659,692

-

0.00%

24

enki

9,999,321

171,430.00

1.74%

25

committee-cnytrader

9,887,033

-

0.00%

26

getch-bts

9,535,172

-

0.00%

27

brother-john

9,312,086

-

0.00%

28

virtual-ventures

9,153,485

-

0.00%

29

ibilitlan-scoltock

8,673,958

-

0.00%

30

mr-wang

8,156,959

-

0.00%

31

graphene2015

8,130,428

-

0.00%

32

roje

8,040,409

-

0.00%

33

bts-subscribe

7,999,005

-

0.00%

34

cievia-waugaman

7,990,214

-

0.00%

35

onceuponatime

7,805,080

13,011.00

0.17%

36

invictus

7,494,364

-0.45

0.00%

37

jiny2

7,438,984

-

0.00%

38

haeassa-granovsky

7,431,931

-

0.00%

39

echocold1

7,097,651

-2,000,000.00

-21.98%

40

cass

6,737,585

-

0.00%

41

tyrone-shoelaces

6,615,913

-

0.00%

42

abinia-rivard

6,550,563

-

0.00%

43

keebler-kahn

6,500,770

-

0.00%

44

gate-io-bts66

6,416,065

-17,609.00

-0.27%

45

tsuratsura-3557

6,395,199

-

0.00%

46

bts-morning

6,158,407

-

0.00%

47

ld636433

6,095,525

255,525.00

4.38%

48

yoyow.team

6,000,002

-0.31

0.00%

49

bristolbay

5,800,011

-

0.00%

50

fericia-brick

5,766,623

-

0.00%

51

btszhqxf

5,734,712

-

0.00%

52

spring

5,560,779

-

0.00%

53

hnnr8

5,460,998

-

0.00%

54

cadord-ozois

5,423,173

-

0.00%

55

storj

5,366,573

-

0.00%

56

xhunter

5,192,094

-

0.00%

57

jeraud-kanze

5,172,698

-

0.00%

58

bitcoinindonesia

4,971,070

-39,455.00

-0.79%

59

geravia-mackinnon

4,777,691

-

0.00%

60

denkhaus

4,381,375

-788,580.00

-15.25%

61

xgqing

4,351,903

-

0.00%

62

btsxzzh2

4,348,432

-

0.00%

63

cai8108

4,177,811

-28,956.00

-0.69%

64

quonael-lievesley

4,087,235

-

0.00%

65

serg

4,065,004

-204,493.00

-4.79%

66

coldstorage1

4,000,000

-

0.00%

67

oh-bts

4,000,000

-

0.00%

68

super-bts

3,999,990

-

0.00%

69

slim

3,938,098

-

0.00%

70

wesley-waugaman

3,921,027

-

0.00%

71

huobi-bts-withdrawal

3,906,148

2,906,148.00

290.61%

72

hongcaibao1

3,900,027

100,015.78

2.63%

73

mtblock-io

3,714,551

-

0.00%

74

zy360

3,612,457

211,848.00

6.23%

75

facem

3,413,836

-

0.00%

76

rit-capital-partners

3,393,089

-73,890.27

-2.13%

77

peak-yannie

3,333,334

-

0.00%

78

random123

3,304,640

-

0.00%

79

bitlion

3,302,759

298,242.00

9.93%

80

ak-999

3,298,765

-

0.00%

81

aelf

3,253,902

210,593.76

6.92%

82

workers.bitshares.foundation

3,205,382

351,068.00

12.30%

83

makkiavelli1977

3,199,365

-

0.00%

84

bafohald-degeorge

3,189,866

-

0.00%

85

scottmclane

3,177,116

-

0.00%

86

bilbo-baggins

3,151,030

-

0.00%

87

livecoin-net

3,146,190

-16,864.00

-0.53%

88

lao-wallet

3,140,242

-

0.00%

89

ptschina

3,076,892

317.00

0.01%

90

aleks

3,050,009

-

0.00%

91

austintexas11

3,045,249

-

0.00%

92

committee-usdoperator

3,039,809

-

0.00%

93

goodc0re

3,024,484

-742.00

-0.02%

94

null-account

3,013,497

-

0.00%

95

mcxcwbts

3,000,686

-

0.00%

96

billion-hero-prize

3,000,000

-

0.00%

97

ev-ev

2,992,716

-

0.00%

98

gxp520wcx

2,926,626

23,628.90

0.81%

99

roland.sun

2,923,130

-

0.00%

100

yl114411419

2,881,485

203,810.00

7.61%

Thanks for viewing :)

I value your feedback.
Is there something more you would like me to track in these reports? or do you have some information for the next BSoTN report? please let me know in the comments, on steemit.chat, in the 'BitsharesDEX' Telegram group or every Friday in the the BeyondBitcoin Hangouts.

I hope you enjoyed this report! :)

New to Bitshares? Need an Account?

Please support my efforts by using the banner below to create your account.
Best part is at anytime in the future If you decide to buy an LTM (Lifetime membership - which gives you an 80% reduction in fees and other premium features) i will rebate 10% of your membership costs in BTS.

Just use the banner above to create your account

Enroll as a Life Time Member

Leave your username in the comments on the latest BSotN report or join us on BitsharesDEX telegram chat.